One Guideline for Making Ethical Decisions and Behaving Ethically Is

question 9

Multiple Choice

One guideline for making ethical decisions and behaving ethically is ________.

• A)making sure you don't get caught
• B)behaving ethically out of fear
• C)developing the right character traits
• D)making up a code of ethics that serves only you

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Definitions:

Oligopoly

A market structure characterized by a small number of firms that control a large portion of the market share, influencing prices and competition.

Barriers to Entry

These are obstacles that prevent new competitors from easily entering an industry or area of business.

Oligopoly

A market structure characterized by a small number of firms that have significant control over market prices and competition.

Interdependence

The mutual reliance among businesses, individuals, industries, or economies, where the actions of one participant affect the outcomes of another.